VM Revises Platinum, Palladium Estimates

By

Rhiannon Hoyle

May 23, 2011 10:53 a.m. ET

LONDON—Strong demand for platinum from the jewelry and industrial sectors will likely result in a smaller-than-expected surplus in 2011, while supply uncertainty and growing demand from autocatalyst makers is expected to push palladium deeper into deficit, VM Group said as it revised its market balances for the two commodities.

The research organization said it now expects platinum to record a 210,000-troy-ounce surplus this year, a...